Creating annual cash flow from longleaf pines and the land
Hello there,
I'm closing on 114 acres of timberland in Baldwin County, Alabama soon and I'm buying at a steep discount for the surface value. The land has been unmanaged and I plan on planting longleaf pine trees once I meet with the USDA on government programs. I understand the trees can be thinned after so many years and final cut roughly at 30-45 years which will result in income. So will pine straw harvesting after 8(ish).
However, I would love to figure out how to cash flow annually from the beginning. Hunting leases do not create much money per year. I've thought about a billboard next to the road and also leasing the land to beekeepers as well. Any ideas would be great!
Courtney Buck